2024-05-15T15:00:46-05:00 2023-06-30 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-07-01 131623897 The American-Scandinavian Foundation % STEPHEN MCGRATH AMER 2127793587 58 Park Avenue New York NY 10016 EDWARD P GALLAGHER PRESIDENT 2127793587 2024-05-10 true STEPHEN MCGRATH 999009999 Aaron Shapiro P01333816 2128674000 2 2022 2023-04-26 12:10:37Z EDWARD P GALLAGHER 58 Park Avenue New York NY 10016 8090163 false X WWW.AMSCAN.ORG X 1910 NY TO BUILD INTERNATIONAL UNDERSTANDING WITH EXTENSIVE PROGRAMS OF FELLOWSHIPS, GRANTS, INTERN/TRAINEE SPONSORSHIP, PUBLISHING, EDUCATIONAL AND MEMBERSHIP OFFERINGS. 57 56 31 56 240 2123562 2336434 123643 256240 4296872 1081952 260967 575200 6805044 4249826 1147068 656052 0 0 1915935 2075067 0 0 289202 1523774 1958892 4586777 4690011 2218267 -440185 48756359 49962523 1663440 1201188 47092919 48761335 X THE AMERICAN-SCANDINAVIAN FOUNDATION IS A PUBLICLY-SUPPORTED NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROMOTING EDUCATIONAL, CULTURAL AND PROFESSIONAL EXCHANGE BETWEEN THE UNITED STATES AND THE NORDIC COUNTRIES (DENMARK, FINLAND, ICELAND, NORWAY AND SWEDEN). ASF OFFERS FELLOWSHIPS, CULTURAL GRANTS, TRAINING/INTERNSHIPS, PUBLICATIONS, EXHIBITIONS AND OTHER PUBLIC PROGRAMS REINFORCING THE STRONG RELATIONSHIPS BETWEEN THE TWO REGIONS, AND HONORING THEIR SHARED VALUES AS WELL AS APPRECIATING THEIR DIFFERENCES. false false 922713 656052 67700 TRAINING AND FELLOWSHIP - FELLOWSHIPS AND GRANTS FROM THE AMERICAN SCANDINAVIAN FOUNDATION WERE AWARDED ON A COMPETITIVE BASIS TO AMERICANS FOR STUDY OR RESEARCH IN DENMARK, FINLAND, ICELAND, NORWAY, AND SWEDEN AND TO SCANDINAVIANS IN THE U.S. AND RECOMMENDED BY ASF'S COOPERATING ORGANIZATIONS IN EACH OF THE NORDIC COUNTRIES THE RECIPIENTS REPRESENTED A VERY BROAD RANGE OF FIELDS AND UNIVERSITIES AND WERE AT THE GRADUATE, POST-GRADUATE, OR PROFESSIONAL LEVEL. IN ADDITION, THE ASF MADE PUBLIC PROJECT GRANT TO EDUCATIONAL AND CULTURAL INSTITUTIONS TO BRING SCANDINAVIAN CULTURE AND IDEAS TO VENUES THROUGHOUT THE U.S. OVER THE YEAR, THESE GRANTS SUPPORTED NORDIC PROJECTS IN VARIOUS STATES. THE TRAINING AND INTERNSHIP PROGRAM HELPS YOUNG SCANDINAVIANS AND AMERICANS RECEIVE PRACTICAL WORK EXPERIENCE ACROSS THE ATLANTIC. 2625562 188540 PUBLIC PROGRAMS - SCANDINAVIA HOUSE CONTINUES TO BE A VITAL CENTER FOR CULTURAL PROGRAMS AND EXCHANGE BETWEEN THE U.S. AND THE FIVE NORDIC COUNTRIES. MORE THAN 100 EDUCATIONAL AND CULTURAL PROGRAMS WERE PRESENTED DURING THE YEAR. PUBLIC PROGRAMS INCLUDED WEEKLY SCREENINGS OF SCANDINAVIAN FILMS, MUSICAL PERFORMANCES, LECTURES, PRESENTATIONS, LANGUAGE CLASSES, EXHIBITIONS AND CHILDREN'S PROGRAM. 49264 PUBLICATIONS - THE AMERICAN-SCANDINAVIAN FOUNDATION PUBLISHES VARIOUS CULTURAL AND EDUCATIONAL MATERIALS BOTH ONLINE AND IN PRINT. 112318 MEMBERSHIP 112318 3709857 true true false false false false false false false true true true false false false false true false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false true 17 0 31 true false false false false false false false false false false false false X 57 56 true false false false true true true true true false false true true true true true true true true false NY VA X X STEPHEN MCGRATH 2127793587 58 PARK AVENUE NEW YORK NY 10016 Edward P Gallagher President 35.0 0.0 X X 279442 0 13500 Stephen P McGrath Director of Finance & Admin 35.0 0.0 X 114584 0 5750 Sally Yerkovich Director of Educational Exchan 35.0 0.0 X 108370 0 5750 Lynn Carter Secretary 16.0 0.0 X 25812 0 0 Daphne Davidson Co-Chairman of the Board 1.0 0.0 X X 0 0 0 Eugene V Kokot Co-Chairman of the Board 1.0 0.0 X X 0 0 0 Aili Flint Vice Chairman for Finland 1.0 0.0 X X 0 0 0 Anders Iversen Vice Chairman for Denmark 1.0 0.0 X X 0 0 0 Bente Svensen Frantz Vice Chairman for Norway 1.0 0.0 X X 0 0 0 Monika Heimbold Vice Chairman for Sweden 1.0 0.0 X X 0 0 0 Sigridur Benediktsdottir Vice Chairman for Iceland 1.0 0.0 X X 0 0 0 Steven B Peri Vice Chairman for the U.S. 1.0 0.0 X X 0 0 0 Terje Lande Deputy Chairman of the Board 1.0 0.0 X X 0 0 0 Henrik Steffensen Treasurer 1.0 0.0 X X 0 0 0 Agnes Ahlander Executive Trustee 1.0 0.0 X 0 0 0 Anders Brag Executive Trustee 1.0 0.0 X 0 0 0 Arther Zeckendorf Executive Trustee 1.0 0.0 X 0 0 0 Asbjorn Skretting Executive Trustee 1.0 0.0 X 0 0 0 Barbro Osher Executive Trustee 1.0 0.0 X 0 0 0 Bard E Bunaes Executive Trustee 1.0 0.0 X 0 0 0 Bjorg Bergsveins Dottir Executive Trustee 1.0 0.0 X 0 0 0 Bjorn Bjerke Executive Trustee 1.0 0.0 X 0 0 0 Carol Domina Executive Trustee 1.0 0.0 X 0 0 0 Charles B Anderson Executive Trustee 1.0 0.0 X 0 0 0 Charles K Barbo Executive Trustee 1.0 0.0 X 0 0 0 Charlie Kunzer Executive Trustee 1.0 0.0 X 0 0 0 Christopher Kann Executive Trustee 1.0 0.0 X 0 0 0 Christopher Kelly Executive Trustee 1.0 0.0 X 0 0 0 David ER Dangoor Executive Trustee 1.0 0.0 X 0 0 0 Edward E Elson Executive Trustee 1.0 0.0 X 0 0 0 Ellen port Executive Trustee 1.0 0.0 X 0 0 0 Emma Aer Executive Trustee 1.0 0.0 X 0 0 0 Erkko Etula Executive Trustee 1.0 0.0 X 0 0 0 Erna Milunka Kojic Executive Trustee 1.0 0.0 X 0 0 0 Helen W Marx Executive Trustee 1.0 0.0 X 0 0 0 Henrik Roos Executive Trustee 1.0 0.0 X 0 0 0 Inger Tallaksen Executive Trustee 1.0 0.0 X 0 0 0 James M Stewart Executive Trustee 1.0 0.0 X 0 0 0 Jarno Vanto Executive Trustee 1.0 0.0 X 0 0 0 Karini Gustafson-Teixeira Executive Trustee 1.0 0.0 X 0 0 0 Kristina Kittilsen Executive Trustee 1.0 0.0 X 0 0 0 Kirstjan T Ragnarsson Executive Trustee 1.0 0.0 X 0 0 0 Lena Biorck Kaplan Executive Trustee 1.0 0.0 X 0 0 0 Lennard K Rambusch Executive Trustee 1.0 0.0 X 0 0 0 Linda Nordberg Executive Trustee 1.0 0.0 X 0 0 0 Lise Stolt-Nielsen Executive Trustee 1.0 0.0 X 0 0 0 Liv Ullmann Executive Trustee 1.0 0.0 X 0 0 0 Lizanne Kindler Executive Trustee 1.0 0.0 X 0 0 0 Lyndon L Olson Jr Executive Trustee 1.0 0.0 X 0 0 0 Marcus Siezing Executive Trustee 1.0 0.0 X 0 0 0 Maria Ederer Executive Trustee 1.0 0.0 X 0 0 0 Michael A Feirstein Executive Trustee 1.0 0.0 X 0 0 0 Morten Degnemark Executive Trustee 1.0 0.0 X 0 0 0 Ragner Meyer-Knutsen Executive Trustee 1.0 0.0 X 0 0 0 Rutger Von Post Executive Trustee 1.0 0.0 X 0 0 0 Siggi Hilmarsson Executive Trustee 1.0 0.0 X 0 0 0 Sven Anders Ekernas Executive Trustee 1.0 0.0 X 0 0 0 Thor Thors Jr Executive Trustee 1.0 0.0 X 0 0 0 Trond S Jensen Executive Trustee 1.0 0.0 X 0 0 0 Victor B Borge Executive Trustee 1.0 0.0 X 0 0 0 528208 0 25000 3 false true false 0 137596 435000 7886 1755952 2336434 EXCHANGE PROGRAM FEES 711190 67700 67700 PROGRAM FEES 711190 188540 188540 256240 1047951 1047951 0 0 569904 569904 0 569904 569904 3598960 3564959 34001 34001 34001 0 435000 121139 -121139 -121139 0 0 0 280434 154239 126195 126195 ADVERTISING 541800 240 240 240 4249826 256240 240 1656912 296105 296105 359947 359947 0 0 310500 240300 56025 14175 0 1298198 938146 223048 137004 60643 44534 7041 9068 283716 211742 34690 37284 122010 91058 14918 16034 0 5750 3794 1956 52520 52520 0 0 75576 75576 247267 243136 4131 1009 1009 217653 184765 19074 13814 54663 44435 7868 2360 0 591904 477277 88174 26453 69368 67130 1185 1053 0 33389 27595 4738 1056 0 0 594886 478884 89232 26770 14907 14907 4690011 3709857 690952 289202 883482 123001 236681 936741 30250 23322 172693 337299 0 0 0 0 0 0 70438 43063 240983 466239 25236374 12494236 13092941 12742138 28692833 30022576 5336058 5268144 0 0 0 0 0 0 48756359 49962523 265504 290711 1366398 783156 31538 127321 0 0 0 0 0 0 0 0 0 0 0 0 1663440 1201188 X 18926318 18899579 28166601 29861756 47092919 48761335 48756359 49962523 -440185 2108601 X false true X true false X 2966894 3516225 1706115 2123562 2336434 12649230 0 0 2966894 3516225 1706115 2123562 2336434 12649230 1925035 10724195 1829661 1880976 1227466 1796766 1617855 8352724 10455 3271 3836 6497 240 24299 0 21026253 778288 0.51004 0.58140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15946475 5000 1324489 278953 16997011 18455683 262000 -2325613 445595 15946475 14927568 10185 3852415 334485 18455683 16106335 11125 -732181 457711 14927568 16087095 12000 685444 678204 16106335 0.48000 0.52000 false false 5000000 5000000 17862326 10174481 7687845 2374048 2319755 54293 12742138 0 6282851 2108601 2108601 4174250 75576 75576 4249826 4614435 4614435 75576 75576 4690011 SCHEDULE D, PART V, LINE 4 THE FOUNDATION HAS DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED TO HELP FUND VARIOUS FELLOWSHIPS AND GRANTS. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. ASF GALA DINNER 435000 435000 121139 0 435000 435000 121139 121139 -121139 true FINNFEST 2023 2429 GIRARD AVE S MINNEAPOLIS MN 55405 455466109 501(C)(3) 24000 PUBLIC PROJECT IRONWOOD THEATRE INC PO BOX 187 IRONWOOD MI 49938 382833204 501(C)(3) 17925 PUBLIC PROJECT NORTH HOUSE FOLK SCHOOL PO BOX 759 500 W HWY 61 GRAND MARAIS MN 55604 411878887 501(C)(3) 50000 PUBLIC PROJECT UNITED NATIONS INTERNATIONAL SCHOOL 24-50 FDR DRIVE NEW YORK NY 10010 137098600 501(C)(3) 178680 SCHOLARSHIPS Finlandia Foundation Twin Cities Boys of America 608 Zanmiller Drive Northfield MN 55057 411899607 501(C)(3) 25500 public project 5 FELLOWSHIPS 86 359947 SCHEDULE I, PART I, LINE 2 FOR THE GRANTS GIVEN TO INDIVIDUALS, ASF SENDS THE PAYMENTS DIRECTLY TO THE INDIVIDUALS. FOR GRANTS GIVEN TO OTHER ORGANIZATIONS, ASF KEEPS IN TOUCH WITH THE RECIPIENT ORGANIZATION, WITH REGARDS TO HOW THE MONEY IS BEING USED, AND THE GENERAL PROGRAM ACCOMPLISHMENTS. ALL AWARD RECIPIENTS ARE REQUIRED TO SUBMIT A MID-PROGRAM REPORT AND A FINAL REPORT. THIS ALLOWS THE FOUNDATION TO FOLLOW THE PROGRESS OF THE AWARD PURPOSE AS WELL AS ENSURE THAT THE AWARD PURPOSE IS COMPLETED. X X X X X false false false false false false false false false Edward P Gallagher President 279442 0 0 13500 0 292942 FORM 990, PART VI, SECTION A, LINE 2 VICTOR B. BORGE (EXECUTIVE TRUSTEE) AND MICHAEL A. FEIRSTEIN (EXECUTIVE TRUSTEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS AN ADVISORY BOARD OF TRUSTEES WHO SERVE AS THE CORPORATE MEMBERS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATE MEMBERS ELECT THE EXECUTIVE TRUSTEES TO OVERSEE THE OPERATIONS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO ELECTING THE EXECUTIVE TRUSTEES, THE CORPORATE MEMBERS APPROVE REVISIONS OF THE FOUNDATION'S CERTIFICATE OF INCORPORATION; AMENDMENTS OF THE FOUNDATION'S CONSTITUTION AND BY-LAWS; A MERGER OR CONSOLIDATION OF THE FOUNDATION WITH ANY OTHER CORPORATION; THE DISSOLUTION OF THE FOUNDATION; AND SUCH OTHER MATTERS AS MAY BE REQUIRED BY STATUTE. EVERY MEMBER IS ENTITLED TO VOTE BY PROXY AT MEETINGS OF THE MEMBERS, WHICH PROXY MUST BE SIGNED BY THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S DIRECTOR OF FINANCE PERFORMED A REVIEW OF THE 990 FOR ACCURACY AND COMPLETENESS. THE FORM WAS THEN DISCUSSED WITH THE MEMBERS OF THE AUDIT COMMITTEE AND MADE AVAILABLE TO ALL BOARD MEMBERS FOR THEIR SCRUTINY. WHEN THIS REVIEW PROCESS WAS COMPLETED, THE FORM WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE AMERICAN SCANDINAVIAN FOUNDATION (ASF) IS APPROVED ANNUALLY AT THE EXECUTIVE TRUSTEE MEETING. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY IF THEY DO OR DO NOT HAVE A CONFLICT. PRIOR TO ELECTION OR APPOINTMENT OF ANY BOARD MEMBER, ALL MEMBERS SHALL DISCLOSE IN WRITING, TO THE BEST OF THEIR KNOWLEDGE, ANY INTEREST IN ANY CORPORATION OR OTHER ORGANIZATION WHICH PROVIDES GOODS OR PROFESSIONAL OR OTHER SERVICES TO THE FOUNDATION FOR A FEE OR OTHER COMPENSATION. A COPY OF EACH DISCLOSURE STATEMENT SHALL BE AVAILABLE TO ANY TRUSTEE OF THE FOUNDATION ON REQUEST. IF AT ANY TIME DURING HIS OR HER TERM OF SERVICE A MEMBER HAS ANY INTEREST WHICH MAY POSE A CONFLICT OF INTEREST, HE OR SHE SHALL PROMPTLY DISCLOSE THE MATERIAL FACTS OF THAT INTEREST IN WRITING TO THE PRESIDENT OF THE BOARD AND CHAIR OF ANY BOARD COMMITTEE, IF ANY, FUNCTIONING AS TO THE AUDIT COMMITTEE CHAIR. WHEN ANY MATTER IN WHICH A MEMBER HAS AN INTEREST COMES BEFORE THE BOARD OR ANY COMMITTEE OR SUB-COMMITTEE OF THE BOARD FOR DECISION OR APPROVAL, THAT INTEREST SHALL BE IMMEDIATELY DISCLOSED TO THE BOARD OR THE COMMITTEE OR SUB-COMMITTEE BY THAT MEMBER, AND THE MEMBER SHALL RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION AND/OR VOTE RELATING THERETO. FORM 990, PART VI, SECTION B, LINE 15A THE MANAGEMENT AND COMPENSATION COMMITTEE REVIEWS THE OFFICER'S PERFORMANCE, AS WELL AS COMPARABILITY DATA RELATING TO THE OFFICER'S COMPENSATION. THE COMMITTEE KEEPS A RECORD OF THE DELIBERATION AND DECISION AS WELL AS UPDATING THE OFFICER'S EMPLOYMENT CONTRACT. THIS PROCESS WAS LAST PERFORMED IN JULY 2023. FORM 990, PART VI, SECTION B, LINE 15B A COMPENSATION REVIEW WAS DONE FOR THE ASF PRESIDENT IN JULY 2023. THE REVIEW WAS CONDUCTED BY THE ASF CO-CHAIRS AND TREASURER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.